Winston Trails (East) Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	65,660	65,744	65,744	
Debt Assessments	236,904	236,528	236,528	
Other Revenues	0		0	
Interest Income	120	220	213	
				
TOTAL REVENUES	$	302,684	$	302,492	$	302,485	
				
EXPENDITURES				
Supervisor Fees	4,000	2,800	2,800	
Payroll Taxes (Employer)	320	214	214	
Engineering/Inspections	2,500	2,468	2,468	
Management	18,000	18,000	18,000	
Legal	2,500	2,500	2,082	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,700	3,500	3,500	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,000	1,000	719	
Miscellaneous	750	750	339	
Postage	300	125	116	
Office Supplies	400	490	460	
Dues & Subscriptions	175	175	175	
Trustee Fee	5,100	5,100	5,100	
Website Management	1,500	1,500	1,500	
Contingency	10,240	10,240	0	
				
TOTAL EXPENDITURES	$	61,841	$	58,862	$	47,473	
				
REVENUES LESS EXPENDITURES	$	240,843	$	243,630	$	255,012	
				
Bond Payments	(222,690)	(225,458)	(225,458)	
				
BALANCE	$	18,153	$	18,172	$	29,554	
				
County Appraiser & Tax Collector Fee	(6,051)	(3,801)	(3,801)	
Discounts For Early Payments	(12,102)	(11,266)	(11,266)	
				
EXCESS/ (SHORTFALL)	$	-	$	3,105	$	14,487	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	3,105	$	14,487	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$70,865	
$3,105	
$73,970	

.

AMENDED FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	50	2,350	2,332	
NAV Tax Collection	222,690	225,458	225,458	
				
Total Revenues	$	222,740	$	227,808	$	227,790	
				
EXPENDITURES				
Principal Payments	140,000	140,000	140,000	
Interest Payments	82,740	86,146	86,146	
				
Total Expenditures	$	222,740	$	226,146	$	226,146	
				
Excess/ (Shortfall)	$	-	$	1,662	$	1,644	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$88,310	
$1,662	
$89,972	

Notes
Reserve Fund Balance = $22,976*. Revenue Fund Balance = $66,996*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $40,021.
* Approximate Amounts

Series 2008 Refunding Bond Information		
Original Par Amount =	$2,890,000	Annual Principal Payments Due:	
Interest Rate =	4.76%	May 1st	
Issue Date =	September 2008	Annual Interest Payments Due:	
Maturity Date =	May 2028	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,645,000